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The following information is provided for a company. All liabilities are due to be satisfied within one year unless stated otherwise Inventory Retained earnings $140,000
The following information is provided for a company. All liabilities are due to be satisfied within one year unless stated otherwise Inventory Retained earnings $140,000 $105,000 Supplies $77,000 Notes payable (due in 20 months) $49,700 Income tax payable $14,000 Cash $63,000 Salaries payable $28.000 Building $140,000 Accounts receivable $28,000 Unearned revenue $42.000 Preferred stock $91,000 Accounts payable $105,000 What is the company's current ratio? (Hint: current ratio current assets/current liabilities) O 1.83 O 1.73 163 1.53
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